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Dec 31, 2023
Simpson Q4 2023 Earnings Report
Simpson's Q4 2023 performance saw increased net sales but a decrease in income from operations due to higher operating expenses.
Key Takeaways
Simpson Manufacturing Co. reported a 5.5% increase in net sales for Q4 2023, reaching $501.7 million. However, income from operations decreased by 9.1% to $71.6 million due to higher operating expenses. The company's full-year net sales reached $2.2 billion, a 4.6% increase year-over-year.
Net sales increased by 5.5% year-over-year to $501.7 million.
North America net sales increased 5.3% to $387.8 million.
Gross profit increased by 9.9% to $220.5 million, with gross margin rising to 43.9%.
Net income was $54.8 million, or $1.28 per diluted share, compared to $57.6 million, or $1.35 per diluted share, in the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company's outlook for the full fiscal year ending December 31, 2024 includes an operating margin estimated to be in the range of 20.0% to 21.5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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